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Tech stocks boost Nasdaq gains

Technical Analysis
By Ahmed Ashraf
Tech stocks boost Nasdaq gains
0 18

NASDAQ

الناسداك 21-9-2026

Nasdaq is trading above support at $29,400, with prices likely to rise and retest resistance at $30,200, while this scenario is invalidated if the aforementioned support level is broken to the downside in today’s trading.

Support

 29400 28600
Resistance 30200

30500

Nasdaq continues to show positive momentum at the start of the week, supported by improving risk appetite and lower oil prices, which are helping ease inflation concerns and support technology stocks following the sector’s strong performance in recent sessions. On the fundamental side, bond yields and the path of U.S. interest rates remain key pressure factors, so further gains will depend on the ability of technology stocks to absorb the impact of elevated rates and maintain the current momentum.

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Ahmed Ashraf

Technical Analyst & Economic Researcher at LDN Global Markets

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